Nifty weekly failing to show any weakness is approaching the Oversold area of trendline. Global turmoil failed to kick in a correction in Nifty. Dip below previous low saw strong buying making it close at highs.
Weekly butterfly harmonic is having a high probable CZ at 12014-11992 if it manages to clear this 12398-12343 can be the next hurdle zone. Cmp @...

Banknifty weekly meeting the median line and showing slight pause in trend with average range bar. CMP 28124 spot
Weekly support at 27652/27173
Daily has negative close with bearish engulfing.
Daily support at 27994.
Hourly close at 28107 broke out of trading range 28339-28214 any retest and rejection of 28214/28185 is a good short with target 27994/27957

Apollohosp after a LTF upthrust and failure at 1210 level continued it downtrend. Trading at 1180 its approaching a good support level which can provide good push up if SOS is seen in this region.
1174-1160 is the area to watch for SOS in APOLLOHOSP
If SOS is seen and 1145 is defended can expected a pullback to 1196/1208
Entry: around 1160 zone on sight of...

PEL from ATH is having a choppy correction, movement in PEL is choppy on both the sides with Rejection near 2766 PEL doesn’t look healthy for the bulls.
A possible Elliot wave correction is ABC or a complex WXY both pointing to downside
Entry: at CMP 2621 or at 2700
SL: 2770
Target: 2482/2445
Disclaimer: I’m no means a financial advisor, i m just a Meyer...

PEL from ATH is having a choppy correction, movement in PEL is choppy on both the sides with Rejection near 2766 PEL doesn’t look healthy for the bulls.
A possible Elliot wave correction is ABC or a complex WXY both pointing to downside
Entry: at CMP 2621 or at 2700
SL: 2770
Target: 2482/2445
Disclaimer: I’m no means a financial advisor, i m just a Meyer...

KPIT falling from new highs has filled earlier gap up and now trading the gap area. Below 204.7 some buy stops has accumulated and in this week a test to knock off the stops and move is possible.
Any test and close above 204.7/203.4 is area to watch to add longs.
Entry: test and rejection of 204.7/203.4 whichever comes first
SL: below 196
Target:...

BTCUSD trading at 10511 broke a minor inter-trendline to the upside but failed to carry the bottom found a reversal tick above the candle close. To the benefit of the bears this reversal is near a major trendline resistance too. So a good risk-reward short trade is in the making in BTCUSD.
My levels for the trade will be short at cmp or to the pullback for 10640...

NIFTY suffering at bears hand is seeing chopping uptrend like traveling through staircase and trending downtrend like traveling through elevator. This analysis is a very short term analysis where a possible gartley pattern can be formed. Here the key word is “CAN” and its not “WILL”. So trade with caution its more like catching the falling knife but in this case...

Exide ind Had a Weekly BO last week with a good close outside the flag.
Now the best strategy to play here in this counter is wait for the dips and add.
My possible buy points here is 215 and 208.
SL will be 198
Target 250 and TSL.
Note: if you like articles in tradingview share it with your friends. Also if you like this post please like and follow me to catch...

ERIS life science after hitting ATH at 833.6 currently consolidating in Daily timeframe. Possible pattern which comes close is the bullish flag. any dip to 730-710 can be added with stop at 660 targeting ATH and TSL
Safe strategy is wait for breakout of Flag and add on retest of the trend line.
Aggressive buy area 710-730
SL 660
Target 840/TSL

HINDPETRO hourly showing Compression Triangles with ABC and half of D leg done. Best Idea and setup is to wait for E leg to complete and trade the breakout but we traders always dont do the best. so this is my setup for HINDPETRO For playing D rest of leg.
BUY above 433 SL 420 TGT 455
Any rejection around 455 area can initiate E leg and can short with SL 490...

HDIL hourly shows a BAT pattern completion. But by the time we noticed it, its already near the first target. So Risk-reward is not in our favor for the current CMP to enter.
A test of 92.5 should give a good entry.
SL 96.3
TARGET: 88.9/85.01/TSL
ROR analysis for entry at 92.5
Entry 92.5
SL 96.3
Target 1 88.9
Target 2 85.1
Reward min 3.6
Reward...

M&M after completing a Ending diagonal in the downward impulse made the thrust up. Expected Wave could could be A completion.
Entry: two part entry at 1283 and 1277
SL conservative: 1260
SL aggressive: 1271
Target: 1323 and if like part booking 1310 is a option
Expected hold period minimum: 5days.
Entry 1280 Average entry 1283 & 1277
SL ...

Cipla weekly looks in a Triangle correction. prefered counts is Wave(4) and alt count is (X)
so cipla is going to get choppy for sometime.
I feel its better to avoid long term longs in this counter
Long term positional short SL 645
CMP 592
TGT 537.5/430
Remember D leg comes around 537.5 after which E leg pullback towards the barrier is expected.
Trade at your...